Invesco Water Resources ETF (NASDAQ:PHO) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,779 shares of the company’s stock after acquiring an additional 1,395 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $851,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Woodmont Investment Counsel LLC acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $27,000. ESL Trust Services LLC acquired a new position in Invesco Water Resources ETF in the 1st quarter valued at $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $25,000. Principal Securities Inc. acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $25,000. Finally, Planned Solutions Inc. acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at $35,000.

Invesco Water Resources ETF Stock Performance

PHO traded up $1.42 during trading on Friday, hitting $69.68. The stock had a trading volume of 57,604 shares, compared to its average volume of 73,506. The firm has a market capitalization of $2.26 billion, a P/E ratio of 37.18 and a beta of 0.96. The company’s 50-day moving average price is $66.23 and its 200 day moving average price is $64.45. Invesco Water Resources ETF has a twelve month low of $49.65 and a twelve month high of $70.08.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.0926 dividend. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.06. This represents a $0.37 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, June 24th.

About Invesco Water Resources ETF

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries.